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steakbake1
Just an observation.
If you fancy this now imagine what £5k would do,... one of 3 things imho
It would slaughter your average. ...
It would give you a far greater chance of ever getting out, possibly with a return. ...
It could go tits up and you ONLY be £5k worse off, because with the best will in the world the chances of this reaching £8.40 in the foreseeable is imo highly unlikely. ...
aimhopdyor
“NO ADVICE GIVEN OR INTENDED”
I have no choice but to keep the faith as i would rather it all go to the wall than sell for such a huge loss.
Yes, no doubt you are correct. It just pains me to throw more money at it tbh. Especially when its doing exactly that that got me to a much bigger investment than i ever wanted to take out on a company that has treated its LTH shareholders with contempt previously. It may be a different ball game now so i and people like me which im sure are many can only live in hope.
Steak bake this is my calculation correct me if I'm wrong.
£14,600 with an average of £8.40 gives you 1738 shares
1k buy at 38p per share = 2630 new shares. Add those to your original holding =4368 shares in total.
£15600 divided by 4368 = £3.57 new average.
Is that correct Carol Vordaman?
Steak bake. If you bought another 1k at 38p a share you would have an average of £3.57 just for example. So you wouldn't have to double your money at all. Just a friendly reminder and not any advice of course.
steakbake1 we got decent large stakeholders now so keep faith and EDL is dept free moving forward.
I also live in hope. I have a 14.6k investment in this company and for me that is a lot of money. I have an average of £8.40 now and this would need to move a hell of a lot just to get my money back. I'm not prepared to throw any more at this as it would mean doubling that investment to try and lower it to £4.00 still way out of reach. I live in hope that one day it comes good. But i don't see how it can move that far now. Hopefully i'm wrong. If i do ever get close to that i'll never buy another Aim share personally.
Browns99, as a long term holder myself I saw averaging down with a belief in EDL the solution to to having what would have been worthless shares.
The comment by NvS "100m MCAP is achievable" is to say the least promising. The number of shares on issue by then is another matter?
I've been in this share since December 2010. My average has been massive over the years but since November last year i've been averaging down. If I hadn't I would have an average of £46 today but with my recent buys my average stands at £2 and believe I have a chance.